JOHNSON & JOHNSON (JNJ) Earnings Summary
JNJ Earnings Beat Rate & Surprise History
JOHNSON & JOHNSON (JNJ) has beaten EPS estimates in 1 of its last 8 reported quarters (+13%), and beaten revenue estimates in 8 of 8 (+100%).
On balance, analysts have tended to overestimate JNJ's earnings. It is currently on a 5-quarter EPS miss streak. The stock has averaged -0.5% the trading day after an EPS beat (positive 0% of the time) and +0.6% after a miss. The average EPS surprise runs -2.8%, with the biggest beat at +94.0% and the biggest miss at -38.0%.
How often JNJ has cleared Wall Street's bar, for EPS and revenue separately, companies can beat one and miss the other. See how analysts are rating it now →
Based on 8 quarters where a report date lines up with price history on record. Reaction day is determined from report timing, for after-market-close (AMC) reports, the reaction shows up the next trading day; for before-market-open (BMO) reports, it's the report day itself.
| Result | Next day | 5 trading days | 20 trading days |
|---|---|---|---|
| EPS beat | -0.5% (0% pos, n=1) | +0.7% (100% pos, n=1) | -5.2% (0% pos, n=1) |
| EPS miss | +0.6% (43% pos, n=7) | +1.8% (86% pos, n=7) | +3.8% (71% pos, n=7) |
Average earnings-day move (either direction): +1.7%. Largest on record: +6.2%.
Every quarter with reaction data, side by side. Rows where the surprise direction and the stock's move disagree are highlighted.
| Quarter | Report Date | EPS Surprise | Rev Surprise | Next-Day Move |
|---|---|---|---|---|
| Q2 '26 | Jul 15, 2026 | -14.6% | +1.0% | -2.7% |
| Q1 '26 | Apr 14, 2026 | -14.4% | +1.9% | +0.9% |
| Q4 '25 | Jan 21, 2026 | -8.2% | +1.7% | -0.1% |
| Q3 '25 | Oct 14, 2025 | -13.3% | +1.0% | -0.0% |
| Q2 '25 | Jul 16, 2025 | -5.6% | +3.9% | +6.2% |
| Q1 '25 | Apr 15, 2025 | +94.0% | +1.6% | -0.5% |
| Q4 '24 | Jan 22, 2025 | -22.5% | +0.4% | -1.9% |
| Q3 '24 | Oct 15, 2024 | -38.0% | +1.4% | +1.5% |
A beat doesn't guarantee a rally, and a miss doesn't guarantee a drop, expectations already priced in can flip the reaction.
Beat/miss alone doesn't say how big, a company that beats by 0.1% every quarter behaves very differently from one that swings ±20%.
| Avg Surprise | Median | Largest Beat | Largest Miss | |
|---|---|---|---|---|
| EPS | -2.8% | -13.9% | +94.0% | -38.0% |
| Revenue | +1.6% | +1.5% | +3.9% | +0.4% |
More analysts covering a stock generally means more scrutiny and (often) tighter estimates.
Average surprise size by fiscal quarter, some businesses are just more predictable in certain quarters than others.
| Fiscal Quarter | Avg EPS Surprise | Avg Revenue Surprise | Years on Record |
|---|---|---|---|
| Q1 | +39.8% | +1.7% | 2 |
| Q2 | -10.1% | +2.4% | 2 |
| Q3 | -25.7% | +1.2% | 2 |
| Q4 | -15.3% | +1.1% | 2 |
Each quarter compared to the same fiscal quarter one year earlier, the standard way to strip out seasonality.
| Quarter | Report Date | EPS Growth | Revenue Growth |
|---|---|---|---|
| Q2 '26 | Jul 15, 2026 | -0.9% | +6.6% |
| Q1 '26 | Apr 14, 2026 | -52.9% | +9.9% |
| Q4 '25 | Jan 21, 2026 | +48.9% | +9.1% |
| Q3 '25 | Oct 14, 2025 | +91.0% | +6.8% |
Objective, rule-based checks, not a subjective rating.
How often does JNJ beat EPS estimates?
JOHNSON & JOHNSON has beaten EPS estimates in 1 of its last 8 reported quarters, a +13% beat rate. The average surprise is -2.8%.
How often does JNJ beat revenue estimates?
JNJ has beaten revenue estimates in 8 of its last 8 reported quarters, a +100% beat rate.
How does JNJ's stock react to earnings?
Over 8 quarters with price data on record, JNJ has averaged -0.5% the trading day after an EPS beat (positive 0% of the time) and +0.6% after a miss (positive 43% of the time). It has also fallen despite beating both EPS and revenue in 1 instance(s), a reminder that a beat alone doesn't guarantee a positive reaction.
What is JNJ's biggest earnings surprise?
JNJ's largest EPS beat on record is +94.0%, and its largest EPS miss is -38.0%.
Is JNJ currently on an earnings beat or miss streak?
JNJ is on a 5-quarter EPS miss streak. Its longest beat streak on record is 1 quarters; its longest miss streak is 5 quarters.
Do analysts usually underestimate or overestimate JNJ?
Analysts have tended to overestimate JNJ's results, based on a +13% EPS beat rate over the last 8 reported quarters.
Every reported quarter on record, estimate vs. actual.
| Quarter | Report Date | EPS Est | EPS Actual | EPS Surprise | Revenue Est | Revenue Actual | Revenue Surprise | Analysts |
|---|---|---|---|---|---|---|---|---|
| Q2 '26 | Jul 15, 2026 | $2.66 | $2.27 | -14.6% | $25.06B | $25.31B | +1.0% | 6 |
| Q1 '26 | Apr 14, 2026 | $2.50 | $2.14 | -14.4% | $23.61B | $24.06B | +1.9% | 6 |
| Q4 '25 | Jan 21, 2026 | $2.29 | $2.10 | -8.2% | $24.15B | $24.56B | +1.7% | 6 |
| Q3 '25 | Oct 14, 2025 | $2.45 | $2.12 | -13.3% | $23.76B | $23.99B | +1.0% | 6 |
| Q2 '25 | Jul 16, 2025 | $2.42 | $2.29 | -5.6% | $22.85B | $23.74B | +3.9% | 5 |
| Q1 '25 | Apr 15, 2025 | $2.34 | $4.54 | +94.0% | $21.56B | $21.89B | +1.6% | 5 |
| Q4 '24 | Jan 22, 2025 | $1.82 | $1.41 | -22.5% | $22.43B | $22.52B | +0.4% | 5 |
| Q3 '24 | Oct 15, 2024 | $1.79 | $1.11 | -38.0% | $22.17B | $22.47B | +1.4% | 4 |